News & Analysis as of

Student Athletes Name and Likeness Tax Exemptions

Eversheds Sutherland (US) LLP

Tax considerations for institutional payments and Fontenot update

As of July 1, 2025, institutions are permitted to make direct payments to student-athletes. Of the many issues raised by institutional payments to student-athletes, tax considerations may not be getting enough attention....more

Ropes & Gray LLP

[Podcast] R&G Dugout: The House v. NCAA Settlement—Tax Implications for Colleges and Universities

Ropes & Gray LLP on

On this episode of the R&G Dugout podcast, Ropes & Gray intellectual property transactions partner and a leader of the firm’s sports industry initiative Erica Han is joined by tax attorneys Gil Ghatan, Kendi Ozmon and...more

Fisher Phillips

Employer Cheat Sheet for Workplace Laws Taking Effect July 1

Fisher Phillips on

Most employers are prepared for new laws at the start of each year – but did you know that a heap of new workplace laws take effect at the halfway point? Here’s your employer cheat sheet to prepare for July 1 effective dates…...more

Alston & Bird

NIL Collectives: Don’t Be Blindsided by an IRS Challenge

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If the IRS challenges the tax-exempt status of a name, image, and likeness (NIL) collective, the collective must understand how best to respond. Our Federal Tax Group details what NIL collectives need to know to make the cut....more

Alston & Bird

The IRS’s Latest Play on NIL Collectives: Tax-Exempt Status on the Defensive

Alston & Bird on

Our Federal Tax and Exempt Organizations teams tackle the implications of the IRS chief counsel’s conclusion that nonprofit organizations created to pool donations and develop paid name, image, and likeness (NIL)...more

Fox Rothschild LLP

IRS is coming for NIL collectives

Fox Rothschild LLP on

It is a truism that agencies required to publicly release documents sometimes hold off on releasing those documents until a Friday afternoon, in the hopes it will be overlooked. The IRS lived up to that truism in releasing a...more

Vinson & Elkins LLP

IRS Internal Memorandum Questions NIL Collectives’ 501(c)(3) Tax-Exempt Status

Vinson & Elkins LLP on

The IRS recently issued an internal memorandum to the effect that many Name-Image-Likeness (NIL) collectives will not qualify for 501(c)(3) tax-exempt status, including those that had previously obtained tax exemption letters...more

Partridge Snow & Hahn LLP

Donations Made to Nonprofit Name Image Likeness Collectives are Not Tax Exempt

In 2021, the National Collegiate Athletic Association (“NCAA”) adopted a policy that permitted student athletes to be compensated for the use of their name, image, and likeness (“NIL”). Since then, organizations have been...more

Baker Donelson

IRS Issues New Guidance on NIL Collectives

Baker Donelson on

On June 9, 2023, the IRS issued memorandum number AM 2023-004, providing guidance on whether organizations that develop paid name, image, and likeness (NIL) opportunities for student-athletes are tax-exempt under section...more

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